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Mitek Systems MITK Software license and support — Revenue

Other product segments

SaaS
$21.22M—
Professional services and other
$920K—

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Other financials

Income statement

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Revenue$54.8M+5.6%
Gross profit$31.4M-8.8%
Operating income$13.5M+19.2%
Net income$9.5M+4.2%
EPS (diluted)$0.200.0%

Balance sheet

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Cash & equivalents$69.2M-33.9%
Total debt$52.5M+1,729%
Total equity$239.5M+8.7%
Total assets$356.9M-16.1%

Cash flow

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Operating cash flow$8.0M+1,319%
CapEx$1.6M+569%
Free cash flow$6.6M+2,766%

Valuation

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Market cap$784.86M+84.9%
Enterprise value$768.19M+137%
P/E47.4×+15.5×
P/S4.1×+1.7×

Profitability

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Gross margin86.7%+0.5pp
Operating margin14.5%+5.1pp
Net margin8.7%+1.2pp
FCF margin32.4%+9.1pp

Returns & leverage

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Return on equity7.2%+1.1pp
Debt / equity0.2×+0.2×
Current ratio2.6×+1.6×

Where this comes from

Reported directly by Mitek Systems in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Mitek Systems’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mitek Systems's software license and support — revenue?
Mitek Systems (MITK) reported software license and support — revenue of $32.7M in Q1 2026.
How has Mitek Systems's software license and support — revenue changed year-over-year?
Mitek Systems's software license and support — revenue decreased by 1.1% year-over-year, from $33.08M to $32.7M.
What does software license and support — revenue mean?
This metric represents the total revenue generated from the licensing of proprietary software solutions and the associated ongoing technical support and maintenance services. It reflects the core income stream derived from the company's primary software product offerings, excluding professional services or hardware-related revenue. Monitoring this figure provides insight into the adoption rate and recurring value of the company's core technology platform within its customer base.